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Shares Rise on Media Rally

Updated Jan. 11, 2000 3:04 a.m. ET

MELBOURNE, Australia -- The share market soared to a record closing high Tuesday on the coattails of rallying media stocks.

The All Ordinaries Index gained 61.5, or 2%, to 3164.6, eclipsing the previous record closing high of 3152.5 set Dec. 31. Advancing issues led decliners 557 to 500. Volume was 1.1 billion shares valued at 2 billion...